Reservation fee for new build apartment?Make Text Bigger
I reserved an apartment in a new build block off-plan. I signed a reservation form and paid a fee of £2000. Having subsequently researched the quoted expected rental income (and finding it to be very much inflated) and realising that the estimated service charge was unrealistic, I decided not to proceed with the purchase.
Eleven days after the reservation, I wrote to the developer stating that I had decided not to purchase and requesting the return of the £2000 fee, which he has refused to do. He contends that I was told verbally that the fee was non-returnable, a contention that I deny, but more importantly the reservation form does not state that it is non-returnable and nowhere on any of the printed material does this term appear.
Am I correct in believing that this contravenes my consumer rights and, if so, how should I proceed?
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